Asian stocks ease, bonds brace for U.S. data test
Markets have already sharply raised the profile for future tightening by the Federal Reserve, with rates now seen peaking up around 5.15% and cuts coming later and slower. There is also a full slate of Fed officials speaking this week to provide a timely reaction to the data. Yields on 10-year Treasuries are at five-week […]
Banks post record NII on strong credit offtake
For a sample of 29 banks, the bad loan provisioning fell by 27.6% year-on-year to Rs 23,080.6 crore in the December quarter. NII increased by 34.5% to a record Rs 1.8 lakh crore. NII is calculated as the difference between total interest earned and interest expended.
Nifty unlikely to breach 17,500: Analysts
Create long positions towards the Nifty resistances of 18,050 and the next 18,250 levels. All long positions need to be placed with strict stop loss at 17,500 and look to reverse the positions on any downside breakouts. IT, banking, auto, realty, and pharma will likely outperform in the near term. Stocks with positive bias are […]
Vodafone Idea in talks to refinance Rs 3,000-4,000 crore of loans
Vodafone Idea has a ₹9,600 crore debt repayment due in September 2023. That could further restrict the operator’s capital expenditure ability, unless there is some refinancing of existing bank debt soon.
Sebi looks at links between Mauritius managers and FPIs
On Friday, the Securities & Exchange Board of India (Sebi) circulated a list of eight entities, mostly based in Mauritius, with the custodians which are banks and non-banks acting as bookkeepers of FPIs trading on Indian stock exchanges.
Adani Group Debt: Banks’ faith rests on cash earnings of companies
The impact of the Moody’s Investors Service report is likely to be different on the two groups of debt holders, bankers said. An immediate market reaction in a selloff could lead to mark-to-market losses on bond portfolios. For banks, the projection on pre-tax earnings provides visibility on payments for at least 18 months.
Total’s decision to pause Adani hydrogen project to impact $6 billion debt funding
French firm had agreed to guarantee 50% of H2 project debt over and above $4 b equity for 25% stake in Adani New Industries Ltd.